Meraki Residence in Cairo

Name: Sales in Meraki Residence started!
Start: 2021-11-04T11:29:08.163000+00:00
End: 2023-12-31T23:59:59+0000
Location: Meraki Residence

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Project info

Object ID: 15552

Finished at	December 2023
Price, m²	From 700$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 156.00 m²
Floors	3
Apartments	20
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

109,200$

Net profit

9,376$

Payback period

9.3 years

Avg property value increase per year

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About the project

Meraki Residence is a place of balance and equilibrium. A home that is elegantly designed & tastefully refined to deliver an uncompromising standard in architecture that blends color, form, and texture to create harmoniously and relaxing living environments. A design with a perfect balance of features & facilities for residents to relax and unwind. Meraki Residence is an exciting home where life flows seamlessly.

Meraki Residence is an exquisite addition to the prestigious North West Club district, Al Sherouk. This sought-after address is the perfect location for a balanced lifestyle, where everything the city has to offer is minutes away without compromising the peace and tranquility of your home. A doorstep to Heliopolis Sporting Club and a short stroll to the city’s main attractions and services. The perfect place to call home.